Current SAGD Project

Phase 1 of our SAGD Project is to determine the use of SAGD
technology in parts of our reservoir and to confirm commercial
viability of using SAGD technology. Our project operations to
date have consisted of drilling the first SAGD well pair,
Procurement of equipment and the construction of a facility for
steam generation were all successfully completed in early
2014. First steam injection began in May of 2014 with first oil
production commencing on September 16, 2014.